GUINNESS GLOBAL ENERGY X GBP

  • 877.43p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.24% Ongoing charges
  • 0.00% Yield

Prices as at 24 February 2016 , fund data last updated 15 November 2019

The fund offers the prospect of medium to long term capital growth, via exposure to an equity portfolio of global energy stocks. The fund can invest in companies engaged in the production and distribution of oil, natural gas, coal, alternative energy, nuclear and utilities. However, it predominantly focuses upon oil and natural gas. It is a concentrated portfolio of some 30 stocks, which is essentially equally weighted amongst its constituents, all of which are listed and at least 90% of which have a market capitalisation of >$1bn.

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched
Size £175m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only.

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.24%

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Investment process

The managers describe their process as split 50:50 between top down and bottom up: Top Down: In house proprietary models are used to map the underlying dynamics of the different energy markets which the fund can potentially invest in ie oil, gas, coal etc. These are then used to develop target weightings for the subsectors of the portfolio; integrated majors, E&P, services, refiners, coal producers, alternative energy etc. Bottom Up: Designed to select the best stocks to populate the top down template. The process is quant driven, with a value bias. Approximately 370 eligible stocks with a market cap of over $1bn are screened weekly and scored, based on four criteria; Value, Quality (return on capital), Earnings Momentum and Stock Price Momentum. This list is then reduced to 100, which are analysed in more detail, via financial modelling, thus allowing the 30 or so most appropriate stocks to be chosen. The holdings are equally weighted, allowing an acceptable level of fund concentration, whilst also reducing stock specific risk.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Portfolio

Approximately 30 stocks. The portfolio has a value bias, is equally weighted and remains fully invested.

Key Investor Documents

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